Cairo – Mubasher: The Egyptian Exchange is expected to see more selling pressures because of profit taking and amid anticipations that the benchmark index EGX30 will test the level of 6,100 points, Sameh Gharib, head of technical research at Roots Securities.
The benchmark will move upward to 6,300 points if it broke above the level of 6,100 points, noted Gharib.
In the same vein, Mona Hassan Chief Technical analyst at MubasherTrade said, “The benchmark is likely to extend its gains to the level of 6,200 points”.
Egypt’s bourse closed on a mixed note on Tuesday, as the benchmark index EGX30 inched up 0.30% or 18.29 points to close at 6,104.74 points.
